Increase in Income
Income per capita has been increasing steadily in almost every country. Many factors contribute to people having a higher income such as Education, globalisation and favorable political circumstances such as economic freedom and peace. Increase income also tends to lead to people choosing to work less working hours. Developed countries defined as countries with a "developed economy" and higher incomes as opposed to a developing countries tend to have lower incomes.
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Famous quotes containing the words increase in, increase and/or income:
“As we grow older, we increase in folly—and in wisdom.”
—François, Duc De La Rochefoucauld (1613–1680)
“The personal touch between the people and the man to whom they temporarily delegated power of course conduces to a better understanding between them. Moreover, I ought not to omit to mention as a useful result of my journeying that I am to visit a great many expositions and fairs, and that the curiosity to see the President will certainly increase the box receipts and tend to rescue many commendable enterprises from financial disaster.”
—William Howard Taft (1857–1930)
“The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.”
—Rutherford Birchard Hayes (1822–1893)